We are determining our merit budget for the 2009 performance year and it would be helpful to understand what other companies are forecasting or have budgeted. In particular, we would like to understand the driving factors that influenced the merit percentage. If you would please respond to this email by 8/7/09 with:
- # of Employees
- Merit % budgeted for the 2009 performance year
- Top 3 drivers that influenced your merit budget determination
Results:
Company Merit % Budget (2009)
A 0%
B 0%
C 2.50%
D 3%
E 3%
F 3.50%
G 4%
H 4%
J 4%
AVERAGE (DILUTED): 2.67%
AVERAGE (UNDILUTED): 3.43%
INFLUENCING DRIVERS
The #1 driver cited was achievement of company objectives.
Company budget was #2.
Only 2 companies considered the national economy to be an influencing driver.
External equity, the state of the local economy and the state of the San Diego Life Sciences industry completed the list of drivers.
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